News
2020, June, 1, 10:10:00
US CARBON CAPTURE DIFFICULTIES
The high cost and complication of carbon capture technology have created several obstacles for success over the years.
2020, June, 1, 10:05:00
SAUDI ARABIA'S PIF +$40 BLN
Since the COVID-19 crisis began, the PIF has spent $7.7 billion amassing a portfolio of shake stakes in some of the best-known corporate brand names in the world, including Boeing, Disney, Facebook and Marriott International.
2020, June, 1, 10:00:00
EUROPE'S RECOVERY PLAN €750 BLN
Brent were down 2%, or 71 cents at $34.03 per barrel, WTI were down 3%, or 98 cents, at $31.83 a barrel
2020, June, 1, 09:55:00
ITER FUSION MACHINE
The milestone marks the installation of the first and heaviest component of the ITER fusion machine.
2020, June, 1, 09:50:00
$23.93 BLN FOR CHILE
IMF Executive Board Approves Two-Year US$23.93 Billion Flexible Credit Line Arrangement for Chile
2020, June, 1, 09:45:00
U.S. RIGS DOWN 17 TO 301
U.S. Rig Count is down 17 rigs from last week to 301, Canada Rig Count is down 1 rig from last week to 20
2020, May, 28, 12:05:00
OIL PRICE: NEAR $34
Brent were down 2%, or 71 cents at $34.03 per barrel, WTI were down 3%, or 98 cents, at $31.83 a barrel
2020, May, 28, 12:00:00
RUSSIA, SAUDI ARABIA COORDINATION
Russian President Vladimir Putin discussed the oil market with Saudi Arabia's Crown Prince Mohammed bin Salman on Wednesday
2020, May, 28, 11:50:00
CHINA'S ENERGY IEFFICIENCY UP
China energy intensity, which measures the amount of energy needed to generate one unit of GDP, decreased by 2.6% in 2019,
2020, May, 28, 11:45:00
EUROPE IGNORES NUCLEAR POWER
the European Commission has ignored the need for nuclear power as a clean, dispatchable and European source of energy
2020, May, 28, 11:40:00
CHEVRON WILL CUT 6,000 EMPLOYEES
Chevron’s cuts equate to about 6,000 of its 45,000 non-gas station employees. It’s “streamlining our organizational structures to reflect the efficiencies and match projected activity levels,” the San Ramon, California-based company said Wednesday in a statement. “This is a difficult decision, and we do not make it lightly.”
2020, May, 28, 11:35:00
MALAYSIA'S PETRONAS WILL CUT INVESTMENT
Petronas plans to reduce its capital expenditures by 21% and its operating costs by 12% in 2020
2020, May, 28, 11:30:00
MALAYSIA'S PETRONAS PROFIT 68% LOWER
Petronas Profit After Tax (PAT) for the quarter stood at RM4.5 billion, 68 per cent lower than the RM14.2 billion posted in the corresponding quarter in the previous year,
2020, May, 28, 11:25:00
AUSTRALIA'S SANTOS BUYING $1.265 BLN
Santos today is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingent payment of US$200 million subject to a final investment decision (FID) on Barossa.